Yoichi Wada now board chairman at Square Enix

Former company CEO stepped down previously due to company's "extraordinary" loss.

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Former Square Enix CEO Yoichi Wada is now the company's chairman of the board, according to the company's official site.

Yoichi Wada is now the chairman of the board of Square Enix.
Yoichi Wada is now the chairman of the board of Square Enix.

Previously, Wada stepped down in March as a result of the company's "extraordinary" loss of around $106 million. This was due to "sluggish" sales performance of its major games in Western territories. His replacement was longtime chief financial officer Yosuke Matsuda.

Wada said in April that he wished to "support the firm in [his] own way," and said that he won't be the president, director, or staff member of Square Enix Holdings. For more information on Square Enix's latest titles, check out GameSpot's coverage on Final Fantasy XV and Kingdom Hearts III.

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